Nordic American Tankers Declares Dividend
The Board of Nordic American Tankers Limited has declared a cash dividend of $0.38 per share to shareholders of record October 29, 2015. The dividend is expected to be paid on or about November 12…
Dorian LPG Acquires VLGC
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), reported today that it has taken delivery of the ECO VLGC Clermont from Hyundai Samho Heavy Industries.
Women in Defence Conference Address Gender Diversity
The 3rd annual Chief of Defence Force Women in Defence conference in Canberra has reaffirmed Defence's ongoing commitment to improve gender diversity across the organisation.
Industry Award for APM Terminal Pipavav
APM Terminals Pipavav (Gujarat Pipavav Port), one of western India’s fastest growing gateway ports has been awarded the Inland Container Depot (ICD) Preferred Terminal…
Yemen's Hodeidah Port partly closed
The port of Hodeidah has been officially announced as part of a military operations area and is closed to ships since 16.30 hours local time on Sunday 11 October 2015, until further notice.
Cavotec wins MoorMaster EUR 6.5 mln orders
Global engineering group Cavotec has been awarded three separate orders for its innovative MoorMaster automated mooring technology for applications in Australia…
EPSITRON Line Carries GL Approval
EPSITRON CLASSIC power supplies and electronic circuit breakers now carry GL marine and on-and-offshore approval. Offering an ultra-slim power supply package solution featuring economically-priced 1-…
HHI Shows Smarter Way to Shipbuilding at KOMARINE 2015
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading integrated heavy industries company, announced today it teams up with its shipbuilding affiliates…
CMA CGM Adds Morrocco Links
French container shipping company CMA CGM has upgraded its services in Morocco, offering improved connections for the country’s citrus and vegetable exports to key markets including Russia…
Samudera in $70mln LNG Deal
Samudera Indonesia has won a $70 million contract for supplying liquefied-natural gas to a power plant operated by state gold miner Aneka Tambang in Pomalaa, Southeast Sulawesi.
Singapore Bunker Sales, Container Volumes Down
Singapore’s September bunker fuel sales fell 10.3% in September on month but rose 9.3% on year to 3.85 million mt. The port of Singapore has recorded a fall in container throughput in September.
India Shipping Fleet Bullish on New Rules
A new rule is being proposed by central government India, under which importers will have to give half of their freight business to local shipping firms. The government…
India to Develop 78 Lighthouses as Tourism Centers
The Ministry of Shipping, along with the Directorate General of Lighthouses and Lightships (DGLL) has drawn up an ambitious programme to develop 78 lighthouses in…
Cinia Lays New Helsinki-Rostock Submarine Data Cable
Finland-based Cinia Group began laying the new submarine Sea Lion data cable in Helsinki, Finland. The new fibre optic sea cable will provide a direct, low latency…
Greece: No Plan for Migrant Sea Patrols with Turkey
Greece said on Tuesday it had no plan to carry out joint sea patrols with neighbouring Turkey to stem an influx of migrants and refugees into Europe. A record 400…
The Future of Well Intervention
Herrenknecht and Ulstein are due to present their vision of the future of heavy well intervention at the Offshore Energy 2015 exhibition in Amsterdam this week. Germany’s Herrenknecht Vertical GmbH (HVG) and the Netherland’s Ulstein Design & Solutions B.V. (UDS BV) will present ULSTEIN DX105, a heavy well intervention vessel design for water depths up to 2,500m, featuring the HVG Terra Invader 750 drill tower.
Carter: US Will Sail Wherever International Law Allows
In a clear rebuff to China, U.S. Defense Secretary Ash Carter said on Tuesday that the United States military would sail and fly wherever international law allowed, including the South China Sea.
Wilh. Wilhelmsen, Callenberg Win SHIPPINGInsight Award
Wilh. Wilhelmsen ASA and Callenberg Technology Group were presented the 2015 SHIPPINGInsight Award was today at the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition in Stamford, Conn.
The International Salvage Union Weighs In
Current issues in marine salvage: the ISU perspective. There have undoubtedly been great improvements in ship and operational safety in the past decades. SOLAS, the international Convention for the Safety of Life at Sea, has been in force for more than 30 years and has played a large part reducing the incidence of marine casualty. But accidents and incidents cannot be entirely eradicated and the potential for marine casualty – and pollution – remains present in all territories.
Salvage & Wreck Removal: Market Trends and the US Perspective
The global salvage business continues to be very dynamic with emerging trends and significant moves made by major salvors. While not as heavily affected by primary economic factors such as the offshore market’s connectivity to oil prices, the global market for salvage and wreck removal continues to evolve rapidly and the U.S. influence on the market plays an important role. There are many market pressures on salvage companies beyond a business model that are inherently risky…
